Answer:
Right to transfer
Explanation:
The owner has opted to use some land but leases the rest to a tenant by exercising the right to transfer. The right to transfer is a contract which allows renting some part of the land to another party for a specific period of time. The contractual right and responsibility are transferred through delegation or assignment.
Answer: Reformation
Explanation: In simple words, reformation refers to a process in which something is changed in the current subject to set it again on the right path.
In the given case, the judge believes that the time period set for avoiding the competition is unusually long. Thus, they can reform the contract to make it suitable and justified for all the parties involved.
Answer and Explanation:
The journal entry to record the issuance of the common stock is shown below;
Cash Dr (3,000 shares × $14) $52,000
To Common stock (3,000 shares × $5) $15,000
To Additional paid in capital $27,000
(being the issuance of the common stock is recorded)
Here the cash is debited as it increased the asset and credited the common stock & additional paid in capital as it also increased the equity
No, because the date is there to help you stay on track
Answer:
0.2
0.8
40
2
2000
Explanation:
Marginal propensity to consume is the proportion of disposable income that is spent on consumption
Marginal propensity to consume = amount consumed / disposable income
Marginal propensity to save is the proportion of disposable income that is saved
Marginal propensity to save = amount saved / disposable income
MPC + MPS = 1
